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BMI View: We forecast continued growth in Romania's pharmaceutical market due to greater private contributions to the cost of healthcare and a return to slight economic growth in 2013. The partial removal of elements of the claw-back tax will undoubtedly provide the industry with a slight boost this year, as will pressure from creditors to repay debts and companies on time. However, the delaying of changes to the reimbursement list until January 2014 will moderate the growth of patented and prescription medicines in 2013. These issues continue to weigh down BMI's assessment of Romania's Pharmaceutical and Healthcare Risk/Reward ratings. Headline Expenditure Projections ? Pharmaceuticals: RON13.55bn (US$3.91bn) in 2012 to RON13.96bn (US$4.29bn) in 2013; +3.0% in local currency terms and ...
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